MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC trimmed its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,955 shares of the software maker’s stock after selling 3,875 shares during the period. Flaharty Asset Management LLC’s holdings in MicroStrategy were worth $856,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MSTR. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. increased its holdings in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC bought a new position in shares of MicroStrategy in the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC increased its holdings in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Up 6.4 %

NASDAQ MSTR opened at $255.48 on Friday. MicroStrategy Incorporated has a 1-year low of $96.04 and a 1-year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $61.23 billion, a PE ratio of -45.35 and a beta of 3.25. The firm’s fifty day simple moving average is $331.44 and its 200-day simple moving average is $271.44.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MSTR shares. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.